Carlyle has acquired a controlling stake in Highway Industries Limited and Roop Automotives Limited, reinforcing its investment focus on the advanced manufacturing sector in India.

Target Information

Carlyle, a global investment firm, has successfully acquired a controlling interest in Highway Industries Limited and Roop Automotives Limited, collectively referred to as 'the Platform.' This proprietary and exclusive transaction showcases Carlyle's ongoing commitment to invest in world-class advanced manufacturing businesses in India and beyond. The equity for this investment will be sourced from Carlyle Asia Partners (CAP), highlighting the firm’s strategic focus on the automotive components sector.

Highway and Roop stand out as leaders in manufacturing advanced forged and precision-machined components, including steering system assemblies and transmissions for electric, hybrid, and internal combustion engine vehicles. With a robust product portfolio of over 1,500 offerings and a diverse customer base comprising 55 clients across 17 countries, the Platform has developed a strong manufacturing presence, boasting 12 plants and 14 international warehouses. Carlyle aims to further penetrate the auto components market and will pursue additional synergistic assets to enhance the Platform's capabilities.

Industry Overview in India

The automotive manufacturing sector in India has seen exponential growth, driven by increasing domestic demand and a significant push towards electric vehicles. Government initiatives, such as the Production Linked Incentive (PLI) scheme, are designe